Czech National Bank Considers Bitcoin for Future Reserves
Today in crypto, Czech National Bank Governor Aleš Michl expressed the potential for Bitcoin to be included in the bank's diversification strategy for foreign exchange reserves. While no immediate plans are in place, there is increasing government interest in cryptocurrency as a savings technology. The bank will continue diversifying through gold purchases, aiming for 5% of total assets by 2028. Additionally, U.S. Federal Reserve’s Michael Barr announced his resignation as vice chair for supervision, marking a notable event linked to criticism around measures affecting crypto companies. His departure is seen as a positive shift for the crypto industry by some executives. Meanwhile, Polymarket correctly predicted the resignation of Canadian Prime Minister Justin Trudeau, amid speculations regarding his leadership, with high odds reflecting market sentiment about his exit.
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